Tata Motors, Jayem Automotives end JTP venture
Tata Motors, Jayem Automotives end JTP venture
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Tata Motors Ltd. (TML), has signed an agreement to purchase 50% shareholding of Jayem Automotives in JT Special Vehicles Pvt. Ltd. (JTSV) for an unspecified amount.
JTSV will become a wholly-owned subsidiary of Tata Motors, following the completion of the procedural requirements, the company said in a filing with stock exchanges.
JTSV was formed in 2017 as a 50:50 joint venture between…
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